Ferrellgas Partners (NYSE:FGP) Releases Earnings Results, Misses Estimates By $0.10 EPS
Ferrellgas Partners (NYSE:FGP) announced its quarterly earnings data on Tuesday. The oil and gas company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.62) by ($0.10), Fidelity Earnings reports.
NYSE FGP opened at $0.94 on Wednesday. The stock has a market capitalization of $89.17 million, a PE ratio of -2.19 and a beta of 2.59. Ferrellgas Partners has a 1 year low of $0.53 and a 1 year high of $1.96. The business’s 50-day moving average is $0.90 and its 200 day moving average is $1.01.
Several research firms recently issued reports on FGP. ValuEngine raised Ferrellgas Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Ferrellgas Partners from a “hold” rating to a “strong-buy” rating and set a $1.00 target price on the stock in a research note on Monday, August 19th.
Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.
Further Reading: Why investors pay attention to retained earnings
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